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Priceline.com Acquires Kayak For $1.8 Billion, Will Allow Kayak To Continue To Operate Independently

priceline-kayakOnline travel site Priceline.com just announced that it has agreed to acquired the travel search engine Kayak for $1.8 billion. Priceline will pay $40 per share for Kayak. About $500 million of the purchase price will be in cash and the other $1.3 billion in equity and stock options.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/L5CbQqvsKPE/

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